French stocks exhibited a lack of clear direction on Monday, as investors remained cautious, holding back from significant investments ahead of two major events: the highly awaited U.S. presidential election set for Tuesday, and the Federal Reserve's impending decision on interest rates this Thursday.
Recent polling data indicates a tight race between Vice President Kamala Harris and former President Donald Trump, suggesting a potentially close outcome in this week's election.
Market participants anticipate the U.S. Federal Reserve will opt for a 25 basis point reduction in interest rates. This move would follow a significant 50 basis point cut enacted in September, in response to ongoing economic inconsistencies.
The CAC 40 index showed a slight increase, reaching 7,413, having already gained 0.8 percent in value on Friday.
In corporate news, Schneider Electric saw a decrease of roughly 1 percent in its stock price. This decline follows the sudden dismissal of CEO Peter Herweck, attributed to challenges in effectively executing the company's strategic objectives.
